The relative strength index (RSI) is another oscillating indic | Forex.Doc by San Shone

The relative strength index (RSI) is another oscillating indicator, but its movement is limited to a range of zero to one hundred, therefore it delivers information that is distinct from the MACD. When the indication in the histogram is above 70, the price is considered "overbought"— and due for a correction. When the indicator is below 30.3, the price is considered "oversold"— and due for a bounce. When the trend is up, purchase near oversold conditions and put a short bet near an overbought condition when the trend is down. Trade any asset with up to 1:500 leverage and get 24/7 support, only at
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